As we head into this special time of the year it may be worth reminding your employees of the terrific mortgage opportunities available in today’s market ---even those employees not going through a relocation!!
Rates are at an all time historical low. According to Freddie Mac the average 30 year fixed rate in the 3rd Quarter of 2011 was 4.31% and is currently closer to 4%. This is significantly lower than the 8.74% average over the past 30 years and shockingly lower than the 16%+ interest rates experienced in the early 1980’s.
The Federal Reserve hopes to keep interest rates low until the middle of 2013 to help with economic recovery.
The Government has also announced an enhancement to the HAMP (Home Affordable Modification Program) that promises to open up refinance opportunities to many more people previously excluded due to negative equity scenarios.
Don’t let the clock run out on this terrific opportunity for your employees!